Interviewtimes 
The price of edible oil, petrol-diesel, LPG cylinders is rising in the country. It has been difficult for households, especially those in the middle class. It is learned that the prices of various medicines will also increase. According to the National Pharmaceutical Pricing Authority, the government has allowed pharmaceutical manufacturers to increase the annual wholesale price index by 0.5 percent. As a result, the prices of many drugs, including painkillers, antifungals, cardiacs and antibiotics, could rise by April.
The government has allowed pharmaceutical manufacturers to change prices based on the annual wholesale price index. The government has announced a 0.5 percent increase in the wholesale price index for 2020. Pharmaceutical companies say production prices have risen by 15-20 percent. So companies are planning to increase prices by 20 percent.
Most pharmaceutical companies import cardio vascular, diabetes, antibiotics, anti-infective and vitamin components from China. Even for some drugs, the dependence on China is 80-90 percent. India’s drug prices have skyrocketed since China imposed sanctions on corona.
Notably, most of the raw materials for pharmaceutical manufacturing in the country come from China. Which was affected by Corona. So all the raw materials now come from Singapore and Germany. But importing from these country costs more money than China. Notably, most of the raw materials for antibiotics come from China.
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